DarkSide Ransomware Gang: New Activity Indicates a Rush to Cash Out Bitcoin

It has been observed a recent activity associated with a wallet owned by the DarkSide ransomware gang. It seems that its operators want to cash out $7 million in Bitcoin by moving them into various wallets. The activity seems to have started on Thursday last week.

Bitcoin Moving: What Happened?

DarkSide gang has started to move their virtual assets on October 21, 2021, at 7:05 AM (GMT), according to Bleeping Computer publication. The initial amount in the operators’ wallet was worth up to approx. $7 million.

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As Profero’s CEO and cofounder Omri Segev Moyal noticed on Friday in a Twitter post 107 bitcoins were moved out of the DarkSide’s wallet and directed to a new one.

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Another report from the Elliptic company also showed that the group’s crypto has started a moving process, being transferred to different wallets. Amounts from 107.8 BTC to 38.1 BTC traveled through various wallets into an apparently money laundering process. This technique is not unknown, as it helps threat actors to make their Bitcoin untraceable and also to eventually make the conversion to fiat money. As the same researchers mention, it seems that threat actors already transferred some money

Read More: https://heimdalsecurity.com/blog/darkside-ransomware-gang-moving-bitcoins-to-various-wallets/